Jason Zweig

What do you think is going to happen?

Instead of asking somebody at the Wall Street Journal what he thinks is going to happen, what do you think is going to happen?

What do you think the S&P 500 is going to return in 2026?

What do you think the best performing major asset will be?

Predict where all of those variables, the inflation rate, interest rates, predict where they'll all be at the end of the year.

And then at the end of the year, look up the actual answers and look up what you predicted.

And I have a prediction that the predictions you actually made will look very little like the actual results.

Yeah, and the lesson from that is, in my view, most people should stop trying to predict.

Yeah, it kind of does.

My pleasure.

Thanks, Ryan.

If he's not, it's kind of hard to think of who his competition would be.

If he's not, it's kind of hard to think of who his competition would be.

If he's not, it's kind of hard to think of who his competition would be.

What really makes Buffett so extraordinary is not just the degree of his outperformance, but the length of it. I mean, we're talking about somebody who made his first investment in... 1942. And so there are plenty of people who have better performance, better track records as investors over the past 10 years, the past 20 years, maybe even the past 25 years. But 60 years? Right. I don't think so.

What really makes Buffett so extraordinary is not just the degree of his outperformance, but the length of it. I mean, we're talking about somebody who made his first investment in... 1942. And so there are plenty of people who have better performance, better track records as investors over the past 10 years, the past 20 years, maybe even the past 25 years. But 60 years? Right. I don't think so.

What really makes Buffett so extraordinary is not just the degree of his outperformance, but the length of it. I mean, we're talking about somebody who made his first investment in... 1942. And so there are plenty of people who have better performance, better track records as investors over the past 10 years, the past 20 years, maybe even the past 25 years. But 60 years? Right. I don't think so.

And it's just kind of unparalleled.

And it's just kind of unparalleled.

And it's just kind of unparalleled.